Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Passes Above 200 Day Moving Average – Here’s Why

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.55 and traded as high as $11.59. Nuveen New York Quality Municipal Income Fund shares last traded at $11.58, with a volume of 60,871 shares.

Nuveen New York Quality Municipal Income Fund Stock Performance

The company has a fifty day moving average price of $11.54 and a two-hundred day moving average price of $11.55.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a dividend yield of 7.46%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On Nuveen New York Quality Municipal Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter worth approximately $781,000. HighTower Advisors LLC lifted its stake in shares of Nuveen New York Quality Municipal Income Fund by 0.7% in the fourth quarter. HighTower Advisors LLC now owns 195,071 shares of the financial services provider’s stock worth $2,224,000 after acquiring an additional 1,400 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter worth approximately $194,000. Transcend Capital Advisors LLC lifted its stake in shares of Nuveen New York Quality Municipal Income Fund by 2,364.0% in the fourth quarter. Transcend Capital Advisors LLC now owns 246,398 shares of the financial services provider’s stock worth $2,809,000 after acquiring an additional 236,398 shares during the period. Finally, Stephens Inc. AR acquired a new position in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter worth approximately $162,000.

Nuveen New York Quality Municipal Income Fund Company Profile

Nuveen New York Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in municipal bonds, with a rating of Baa or higher.